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Topps Tiles remains optimistic after strong Q3

Published: 2 July 2014
During the 13 weeks to June 28 2014 Topps Tiles saw its like-for-like revenue increase by 6.3%.
Topps Tiles remains optimistic after strong Q3
The third quarter performance is in line with the management's expectations and the company is optimistic about the remainder of the year.

Ceo of Topps Tiles, Matthew Williams, said: "The like-for-like sales momentum we reported for the first seven weeks of the second half has been maintained for the third quarter as a whole.

"We firmly believe that Topps is continuing to grow ahead of the overall tile market.

"Whilst consumer sentiment remains favourable, this performance primarily reflects the focus we have placed on profitable market share gains, with Topps' authoritative range, outstanding service, multichannel convenience and value for money offering a compelling proposition to customers."

During the third quarter Topps Tiles secured a £50m five-year finance deal through to 2019 to support new store openings and further expansion.

Topps Tiles enjoyed a successful start to the year as it reported that during the first 26 weeks pre-tax profits soared from £4.7m to £8m and sales increased by 11.7% to £97.7m.

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